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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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Force Majeure Terminations for First Look, Overall Deals at Struck Companies Coming as Early as Aug. 1 (EXCLUSIVE)
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variety.comVariety. The deals would be torn up under contractual force majeure clauses, as SAG-AFTRA and the Writers Guild of America continue to strike.
Decision makers could begin ending these pacts as soon as next week, said insiders from both the creative community and their corporate counterparts.
Many of these deals were suspended only a week into the strike in May, by producers including Amazon, HBO, Warner Bros. TV, NBCUniversal, Disney and CBS Studios.
The writers strike is also rapidly approaching the 90-day mark when, historically, dealmakers have the option to kill agreements in the face of an “act of God,” the common show business interpretation for how the phrase “force majeure” applies to these type of labor shutdowns.
Read more on variety.com
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